Bank of America Corporation (BAC) Key Metrics
BAC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $358.24B
- Enterprise value
- $134.20B
- P/E (TTM)
- 12.2 10-yr median 12.4
- Forward P/E
- 10.8
- PEG ratio
- 0.85
- Price / sales
- 3.1 10-yr median 3.5
- Price / book
- 1.4 10-yr median 1.1
- EV / EBITDA
- — 10-yr median 5.3
- Dividend yield
- 2.50% $1.28 a year
- Beta
- 1.21
BAC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBAC valuation Price multiples at each fiscal year-end price.
BAC returns How much profit the business earns on the capital it uses.
BAC per-share figures Results divided by the shares outstanding at year-end.
BAC financial health Debt, liquidity and how easily interest is covered.
BAC efficiency & capital use Working capital cycle and where the cash goes.
BAC valuation history
BAC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BAC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BAC cash returned to shareholders
BAC price vs earnings per share
BAC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $415.08B | $344.73B | $272.07B | $270.51B | $380.77B | $266.64B | $332.58B | $252.24B | $318.18B | $244.13B |
| Enterprise value | −$182.75B | $360.24B | $282.19B | $115.17B | $30.09B | $44.24B | $304.83B | $193.61B | $222.52B | $135.87B |
| P/E ratio | 13.6 | 12.7 | 10.3 | 9.8 | 11.9 | 14.9 | 12.1 | 9.0 | 17.5 | 13.6 |
| Price / sales | 3.7 | 3.4 | 2.8 | 2.8 | 4.3 | 3.6 | 3.9 | 2.9 | 3.8 | 3.0 |
| Price / book | 1.4 | 1.2 | 0.9 | 1.0 | 1.4 | 1.0 | 1.3 | 1.0 | 1.2 | 0.9 |
| Price / free cash flow | 32.9 | — | 6.0 | — | — | 7.0 | 5.4 | 6.4 | 32.3 | 14.1 |
| Price / operating cash flow | 32.9 | — | 6.0 | — | — | 7.0 | 5.4 | 6.4 | 32.3 | 14.1 |
| EV / sales | -1.6 | 3.5 | 2.9 | 1.2 | 0.3 | 0.6 | 3.6 | 2.2 | 2.7 | 1.7 |
| EV / EBITDA | — | 11.5 | 9.3 | 3.5 | 0.8 | 2.1 | 8.8 | 5.3 | 7.1 | 5.3 |
| EV / free cash flow | — | — | 6.3 | — | — | 1.2 | 4.9 | 4.9 | 22.6 | 7.9 |
| Earnings yield | 7.4% | 7.9% | 9.7% | 10.2% | 8.4% | 6.7% | 8.2% | 11.2% | 5.7% | 7.3% |
| Free cash flow yield | 3.0% | −2.6% | 16.5% | −2.3% | −1.9% | 14.2% | 18.6% | 15.7% | 3.1% | 7.1% |
| Dividend yield | 2.3% | 2.8% | 3.3% | 3.2% | 2.1% | 2.9% | 1.8% | 2.7% | 1.8% | 1.7% |
| Shareholder yield (dividends + buybacks) | 8.1% | 6.6% | 5.0% | 5.3% | 9.2% | 5.9% | 11.0% | 12.5% | 5.8% | 3.8% |
| Share price at fiscal year-end | $55.00 | $43.95 | $33.67 | $33.12 | $44.49 | $30.31 | $35.22 | $24.64 | $29.52 | $22.10 |
| Per share | ||||||||||
| Revenue per share | $14.99 | $12.99 | $12.20 | $11.63 | $10.41 | $8.44 | $9.06 | $8.57 | $7.77 | $7.25 |
| Earnings per share | $4.04 | $3.46 | $3.28 | $3.37 | $3.74 | $2.03 | $2.90 | $2.75 | $1.69 | $1.62 |
| Operating cash flow per share | $1.67 | −$1.12 | $5.57 | −$0.77 | −$0.84 | $4.32 | $6.54 | $3.86 | $0.92 | $1.56 |
| Free cash flow per share | $1.67 | −$1.12 | $5.57 | −$0.77 | −$0.84 | $4.32 | $6.54 | $3.86 | $0.92 | $1.56 |
| Cash per share | $127.70 | $81.97 | $75.25 | $56.11 | $76.48 | $70.65 | $43.87 | $40.47 | $43.72 | $40.88 |
| Book value per share | $40.18 | $37.68 | $36.09 | $33.45 | $31.56 | $31.02 | $28.04 | $25.92 | $24.79 | $24.16 |
| Tangible book value per share | $30.80 | $28.63 | $27.50 | $24.74 | $23.23 | $23.00 | $20.56 | $19.01 | $18.17 | $17.40 |
| Dividends per share | $1.27 | $1.21 | $1.12 | $1.05 | $0.94 | $0.88 | $0.63 | $0.67 | $0.53 | $0.38 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $48.48 | $83.94 | $76.50 | $37.09 | $35.51 | $45.37 | $40.94 | $34.74 | $34.84 | $31.07 |
| Shares outstanding | 7.55B | 7.84B | 8.08B | 8.17B | 8.56B | 8.80B | 9.44B | 10.24B | 10.78B | 11.05B |
| Change in shares outstanding | −3.8% | −2.9% | −1.1% | −4.6% | −2.7% | −6.8% | −7.8% | −5.0% | −2.4% | −1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.2% | 9.2% | 9.4% | 10.1% | 11.8% | 6.7% | 10.3% | 10.6% | 6.8% | 6.8% |
| Return on invested capital (ROIC) | — | 8.9% | 12.6% | 147.8% | — | 12.4% | 12.4% | 14.9% | 11.0% | 12.1% |
| Return on assets (ROA) | 0.9% | 0.8% | 0.9% | 0.9% | 1.1% | 0.7% | 1.1% | 1.2% | 0.8% | 0.8% |
| Return on tangible assets | 0.9% | 0.9% | 0.9% | 0.9% | 1.0% | 0.7% | 1.2% | 1.2% | 0.8% | 0.8% |
| Free cash flow margin | 11.2% | −8.6% | 45.6% | −6.7% | −8.1% | 51.2% | 72.2% | 45.0% | 11.8% | 21.6% |
| Income quality (OCF / net income) | 0.41 | −0.32 | 1.70 | −0.23 | −0.22 | 2.12 | 2.25 | 1.40 | 0.54 | 0.96 |
| Financial health | ||||||||||
| Total debt | $365.90B | $658.43B | $618.19B | $302.91B | $303.87B | $399.10B | $386.56B | $355.64B | $375.56B | $343.28B |
| Cash & short-term investments | $963.73B | $642.92B | $608.07B | $458.25B | $654.54B | $621.50B | $414.31B | $414.26B | $471.22B | $451.54B |
| Net debt | −$597.83B | $15.51B | $10.12B | −$155.34B | −$350.67B | −$222.40B | −$27.75B | −$58.62B | −$95.66B | −$108.26B |
| Debt / equity | 1.21 | 2.23 | 2.12 | 1.11 | 1.13 | 1.46 | 1.46 | 1.34 | 1.41 | 1.29 |
| Debt / assets | 0.11 | 0.20 | 0.19 | 0.10 | 0.10 | 0.14 | 0.16 | 0.15 | 0.16 | 0.16 |
| Net debt / EBITDA | −14.94 | 0.49 | 0.33 | −4.71 | −9.78 | −10.67 | −0.80 | −1.60 | −3.05 | −4.20 |
| Current ratio | 0.42 | 0.30 | 0.30 | 20.02 | 31.24 | 36.37 | 20.24 | 24.89 | 13.04 | 15.40 |
| Quick ratio | 0.42 | 0.30 | 0.33 | 20.02 | 31.23 | 36.36 | 20.23 | 60.87 | 28.38 | 32.91 |
| Interest coverage | 0.5 | 0.3 | 0.4 | 1.5 | 7.2 | 2.3 | 1.5 | 1.9 | 2.3 | 2.5 |
| Working capital | −$1.49T | −$1.69T | −$1.63T | $512.34B | $718.26B | $683.34B | $465.76B | $482.27B | $512.26B | $497.94B |
| Invested capital | −$294.58B | $311.07B | $301.77B | $117.86B | −$80.61B | $50.52B | $237.06B | $206.70B | $171.48B | $158.58B |
| Tangible asset value | $232.42B | $224.54B | $222.22B | $202.07B | $198.84B | $202.37B | $194.16B | $194.57B | $195.89B | $192.20B |
| Net current asset value | −$2.04T | −$2.23T | −$2.18T | −$2.24T | −$2.16T | −$1.84T | −$1.68T | −$1.59T | −$1.46T | −$1.39T |
| Graham number | $60.45 | $54.15 | $51.62 | $50.36 | $51.51 | $37.68 | $42.81 | $40.04 | $30.71 | $29.68 |
| Graham net-net per share | −$273.74 | −$286.80 | −$277.50 | −$277.76 | −$255.97 | −$213.36 | −$181.39 | −$192.64 | −$167.60 | −$154.93 |
| Capital allocation | ||||||||||
| Dividends paid | $9.56B | $9.50B | $9.09B | $8.58B | $8.05B | $7.73B | $5.93B | $6.89B | $5.70B | $4.19B |
| Share buybacks (net) | $24.10B | $13.10B | $4.58B | $5.73B | $27.10B | $8.10B | $30.71B | $24.61B | $12.81B | $5.11B |
| Dividend payout ratio | 31.3% | 35.0% | 34.3% | 31.2% | 25.2% | 43.2% | 21.6% | 24.5% | 31.3% | 23.4% |
| Dividends + buybacks / free cash flow | 266.9% | — | 30.4% | — | — | 41.6% | 59.3% | 79.7% | 187.7% | 53.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | — | 0.0% | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 3.5% | 3.4% | 3.0% | 3.0% | 3.1% | 2.7% | 2.3% | 2.0% | 2.0% | 1.7% |
| SG&A / revenue | 46.2% | 48.7% | 10.9% | 10.8% | 10.6% | 11.6% | 9.6% | 9.0% | 9.8% | 9.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 324.8 | 348.6 | 303.8 | 269.4 | 280.4 | 295.5 | 307.4 | 357.3 | 358.7 | 379.4 |
| Days of inventory on hand | — | — | -2,850.7 | 21.5 | 11.7 | 4.2 | -5,109.8 | -1,108,656.1 | -14,082.4 | -8,148.8 |
| Days payables outstanding | — | — | — | 164,237.0 | 89,233.7 | 3,404.4 | 2,447.9 | 255,018.4 | 3,340.3 | 3,939.2 |
| Cash conversion cycle (days) | — | — | — | -163,946.1 | -88,941.6 | -3,104.7 | -7,250.4 | -1,363,317.3 | -17,064.0 | -11,708.7 |
| Receivables turnover | 1.12 | 1.05 | 1.20 | 1.36 | 1.30 | 1.24 | 1.19 | 1.02 | 1.02 | 0.96 |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.11 | 0.15 | 0.00 | 0.11 | 0.09 |
| Inventory turnover | — | — | — | 16.95 | 31.25 | 87.06 | — | — | — | — |
| Asset turnover | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Average receivables | $100.64B | $97.31B | $82.06B | $70.07B | $68.47B | $60.08B | $72.07B | $85.89B | $82.29B | $83.26B |
| Average payables | — | — | — | $1.14T | $1.12T | $182.30B | $173.94B | $158.60B | $149.24B | $146.32B |
| Average inventory | — | — | −$34.32B | $150.0M | $147.0M | $224.5M | −$363.07B | −$689.49B | −$629.19B | −$302.69B |
| Intangibles / total assets | 2.1% | 2.2% | 2.2% | 2.3% | 2.2% | 2.5% | 2.9% | 3.0% | 3.1% | 3.4% |
Computed from BAC's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BAC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bank of America traded at 13.6 times earnings, against a 10-year median of 12.4. Based on the latest twelve months, the trailing P/E is 12.2 and the forward P/E is 10.8. Bank of America earned a return on equity of 10.2% in fiscal 2025. It ended the year with $365.9 billion of debt and $963.7 billion in cash and short-term investments, a net cash position of $597.8 billion. It returned $33.7 billion to shareholders: $9.6 billion in dividends and $24.1 billion in share buybacks, 267% of free cash flow. The share count fell 31.7% from 11.05B to 7.55B over 9 years.
See the BAC income statement, the BAC chart for price history, or the BAC stock overview for the latest quote and news.
BAC key metrics FAQ
What is Bank of America's P/E ratio?
Bank of America's trailing P/E ratio is 12.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.8. At the end of fiscal 2025 it was 13.6, compared with a 10-year median of 12.4.
What is Bank of America's return on equity?
Bank of America's return on equity (ROE) was 10.2% in fiscal 2025: net income of $30.5 billion on average shareholders' equity of $299.4 billion.
How much debt does Bank of America have?
Bank of America had total debt of $365.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.21 and more cash than debt.
What is Bank of America's dividend yield?
Bank of America's forward dividend yield is 2.50%. Bank of America paid $9.6 billion in dividends in fiscal 2025 ($1.27 per share), a payout ratio of 31.3%.
Does Bank of America buy back its shares?
Yes. Bank of America spent $24.1 billion on net share repurchases in fiscal 2025 Shares outstanding changed −3.8% over the year, to 7.55B..
What is Bank of America's free cash flow yield?
Bank of America generated $12.6 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.0% on its market value at year-end ($415.1 billion).
What is Bank of America's current ratio?
Bank of America's current ratio was 0.42 at the end of fiscal 2025: current assets were 0.42 times current liabilities.